United States IT Asset Management Software Market 2026 | Growth Drivers, Key Players & Investment Opportunities

Market Size and Growth

The global IT asset management software market reached US$ 2,132.33 million in 2023, with a rise to US$ 2,255.49 million in 2024, and is expected to reach US$ 4,139.20 million by 2033, growing at a CAGR of 7.11% during the forecast period 2025-2033.

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Key Development:

United States: Recent Industry Developments

✅ In January 2026, IBM, Microsoft, and ServiceNow launched updated cloud‐based IT Asset Management modules featuring AI‐driven predictive analytics for license optimization and risk management, expanding capabilities in enterprise environments and enhancing automated visibility across hardware, software, and SaaS assets.

✅ In December 2025, ServiceNow completed the strategic acquisition of an IT asset visibility firm to strengthen its IT Operations Management suite, enabling deeper tracking of hardware and software assets and tighter integration between ITAM and broader ITSM workflows for U.S. customers.

✅ In December 2025, BMC Software and Hewlett Packard Enterprise expanded their ITAM solutions with enhanced hybrid deployment support, targeting key U.S. sectors such as BFSI and healthcare to offer better cost visibility and compliance control across on‐premises and cloud environments.

✅ In November 2025, AI‐enabled ITAM capabilities continued to gain traction as major vendors integrated predictive asset lifecycle insights into core platforms, enabling enterprises to proactively manage hardware refreshes, SaaS spend, and compliance risk through automation and data analytics.

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Japan: Recent Industry Developments

✅ In January 2026, the globally released AI‐augmented ITAM modules from IBM, Microsoft, and ServiceNow began gaining adoption among Japanese enterprises, helping local organizations improve software license compliance and hybrid IT asset visibility.

✅ In December 2025, enhanced hybrid ITAM support from BMC Software and Hewlett Packard Enterprise started being deployed by Japanese IT service and telecom firms, boosting automated tracking across multi‐cloud and on‐prem asset estates to support digital transformation initiatives.

✅ In November 2025, Japanese enterprises increasingly prioritized advanced ITAM capabilities as part of broader IT modernization efforts, with organizations focusing on AI‐enabled discovery and lifecycle analytics to handle complex hybrid environments and compliance demands.

✅ In November 2025, ongoing enhancements in ITAM solutions particularly around automation and integration with security and cloud management tools continued to shape IT asset strategies for Japanese CIOs, reflecting a shift toward unified governance across assets and risk domains.

Key Players:

=> IBM Corporation, Microsoft Corporation, BMC Software, Inc., Hewlett Packard Enterprise Development LP, Oracle Corporation, ServiceNow, Inc., Ivanti, Inc., Snow Software AB, Flexera Software LLC, and Freshworks Inc. among others.

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Key Segments:

By Deployment Mode

On-Premises solutions lead with 45% share, driven by large enterprises and regulated industries seeking data security, control, and customization. Cloud-Based deployment accounts for 55%, fueled by scalability, remote accessibility, reduced IT infrastructure costs, and rapid adoption among SMEs across industries.

By Organization Size

Small and Medium Enterprises (SMEs) hold 40% share, supported by flexible subscription-based models, lower upfront investment, and demand for efficient software and service solutions. Large Enterprises dominate with 60%, driven by high-volume requirements, advanced integration needs, and strategic digital transformation initiatives across multiple business units.

By Component

Software leads with 60% share, reflecting growing demand for automation, analytics, and enterprise solutions across BFSI, IT & Telecom, and other verticals. Services account for 40%, including consulting, implementation, managed services, and ongoing support that enhance operational efficiency and ensure seamless deployment of solutions.

By End-User

BFSI dominates with 25% share, driven by strong demand for secure, efficient, and compliant software solutions. IT & Telecom holds 20%, fueled by network management, cloud solutions, and digital transformation projects. Energy & Utilities account for 15%, supported by monitoring, automation, and operational efficiency initiatives. Healthcare represents 15%, reflecting adoption of software and services for patient data management, hospital operations, and telemedicine. Manufacturing holds 15%, driven by process optimization and predictive maintenance applications. Retail and Others make up 10%, supported by e-commerce, logistics, and business process improvements.

By Region

North America - 35% Share
North America leads with 35%, driven by mature IT infrastructure, high digital transformation adoption, and strong presence of software and service providers in the U.S. and Canada.

Europe - 25% Share
Europe holds 25%, supported by enterprise adoption of cloud-based and on-premises solutions, regulatory compliance needs, and strong digitalization trends in Germany, U.K., France, Italy, and neighboring countries.

Asia-Pacific - 30% Share
Asia-Pacific accounts for 30%, fueled by rapid digitalization, SME adoption, and increasing cloud-based and software service implementation in China, India, Japan, South Korea, and Southeast Asia.

South America - 5% Share
South America holds 5%, supported by growing IT adoption, emerging SME markets, and cloud-based solution deployment in Brazil, Mexico, and Argentina.

Middle East & Africa - 5% Share
The Middle East & Africa represent 5%, driven by smart city projects, enterprise digital transformation, and adoption of IT & software services in GCC countries and South Africa.

FAQ

What is the current size of the IT asset management software Market?

A: In 2024, the IT asset management software Market was valued at US$ 2,255.49 million , reflecting its strong industry presence.

Q2: How large is the IT asset management software Market expected to be by 2033?

A: By 2033, industry forecasts suggest the IT asset management software Market will grow to around US$ 4,139.20 million, demonstrating significant expansion.

Q3: What is the growth rate of the IT asset management software Market?

A: The market is projected to expand at a compound annual growth rate (CAGR) of 7.11% during the forecast period from 2025 to 2033.

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